Dogecoin Major Event Tracking​

Wallet Upgrade Proposal: The MyDoge wallet team's upgrade proposal has garnered significant attention. This proposal plans to add zero-knowledge proof functionality to the Dogecoin chain. Once implemented, Dogecoin will see significant improvements in speed, scalability, and privacy protection. This not only has the potential to attract more users but may also change Dogecoin's competitive landscape in the cryptocurrency market, positively impacting its long-term price trends. Currently, the community has reacted enthusiastically to this update, but there remains some uncertainty about whether it can pass the validators' review, which has also become a focal point of market attention.​

Whale Trading Dynamics: On-chain data shows that Dogecoin whales have been engaging in frequent and large transactions recently. Previously, a whale madly purchased 80 million Dogecoins within just 24 hours. During a recent price breakout, whales accumulated over 600 million Dogecoins, valued at nearly 140 million USD. The actions of these whales often have a significant impact on market sentiment and price trends; their large buy or sell operations may trigger market follow-the-leader behavior, thereby exacerbating price volatility.#狗狗币现状及未来